- 1M
- 3M
- 6M
- 1YR
- 3YR
- 5YR
- 10YR
- Since Inception
Performance
Monthly SIP of ₹ for
Below table shows comparison of Union Overnight Fund with respect to the investments in Fixed Deposit and Gold for the
Total investment of
₹36,000 over the period of 3 years.
| Total Value | Gain | Return % | |
|---|---|---|---|
| This Fund | 39,657 |
3,657 |
6.36% |
| Bank FD | 39,824 |
3,824 |
6.5% |
| Gold | 40,770 |
4,770 |
8.00% |
Fund Information
-
As of 31 Jan 2024, fund size of Union Overnight Fund is
193.03 Cr. -
Union Overnight Fund shown here is of
Growthplan.
-
The Total Expense Ratio (TER) of the fund is
0.18%. The Total Expense Ratio (TER) is a measure that represents the total costs associated with managing and operating a mutual fund as a percentage of its average Assets under Management (AUM). It provides an insight into the overall expenses they will incur by investing in the fund.
-
Union Overnight Fund is an
Debtoriented mutual fund in the
- Overnight Fundcategory.
-
Nifty 50 Arbitrage Index
is the benchmark for Union Overnight Fund. A benchmark for a mutual fund serves as a standard for performance comparison, helping investors assess how well the fund is meeting its objectives and how it fares against relevant market indicators. Investors often compare the fund's performance with the benchmark as well as its peers.
-
The inception date of a mutual fund refers to the date when the fund was first established and began operations. It is the starting point from which the fund's performance, returns, and other key metrics are calculated. The fund was started on
26 Mar 2019as at present it is 6 years old fund.
-
Name of the AMC is
Union Mutual Fund.
Click here to
know moreabout Union Mutual Fund.
Fund Managed By
Fund managers make investment decisions, optimizing returns and managing risks for portfolios. Responsibilities include market analysis, performance monitoring. Union Overnight Fund managed by following fund manager(s);
How does the
Return Comparison of the Union Overnight Fund fare against peer funds in the Overnight fund category?
Peer fund returns can vary based on the collaborative nature and specific strategies employed by fund managers of these funds listed in below table, often showcasing different risk-return profiles compared to strategy adopted by Union Overnight Fund. Below table demonstrate the returns generated by some peer funds and compare tho this fund and average return generate by the Debt, Overnight fund category these peer funds belongs to.
| Fund Name | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|---|---|---|---|---|
| Category Best | 0.40% | 0.99% | 4.93% | 4.93% | 6.53% | 5.28% | 4.54% | 4.65% | 67.97% |
| Category Average | 0.33% | 0.83% | 3.94% | 4.30% | 6.10% | 5.12% | 4.42% | 4.60% | 47.12% |
| Union Overnight Fund | 0.12% | 0.53% | 1.62% | 3.24% | 6.64% | 6.56% | 5.81% | 4.77% | - |
| ICICI Prudential Overnight Fund | 0.14% | 0.53% | 1.59% | 3.23% | 6.67% | 6.59% | 127.82% | 65.98% | - |
| ICICI Prudential Overnight Fund | 0.14% | 0.53% | 1.59% | 3.23% | 6.67% | 6.59% | 127.82% | 65.98% | - |
| Bank Of India Overnight Fund | 0.13% | 0.54% | 1.67% | 3.33% | 6.80% | 6.73% | 5.97% | - | - |
| Axis Overnight Fund | 0.14% | 0.54% | 1.61% | 3.27% | 6.73% | 6.65% | 5.89% | 4.86% | - |
| UTI Overnight Fund | 0.14% | 0.53% | 1.60% | 3.25% | 6.69% | 6.62% | 5.85% | 4.83% | 67.59% |
Fund Portfolio Details
Portfolio details of a fund generally refer to a comprehensive breakdown of the investments held within a specific investment vehicle, such as a mutual fund or exchange-traded fund (ETF). Portfolio details of Union Overnight Fund are shown below;
Equity -
Debt 3.61%
Others 96.39%
Top Holdings
| Name of the Instrument | Holding Percentage |
|---|---|
| GOVERNMENT OF INDIA 32611 364 DAYS TBILL 08FB24 FV RS 100 | 1.55% |
| GOVERNMENT OF INDIA 33320 182 DAYS TBILL 16FB24 FV RS 100 | 1.03% |
| Others | 97.42% |
Allocation by Instruments
| Type of the Instrument | Holding Percentage |
|---|---|
| TREASURY BILLS | 2.58% |
Portfolio Holdings shown is as of 31 Jan 2024
Riskometer
Investors understand that their
principal
will be at Low risk